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Business, 19.03.2020 22:43 ariellllm

An analyst predicted last year that the stock of Logistics, Inc., would offer a total return of at least 5% in the coming year. At the beginning of the year, the firm had a total stock market capitalization of $10 million. At the end of the year, its market cap was $11 million even though it experienced a loss, or negative net income, of $1.5 million. Did the analyst's prediction prove correct? Explain using the values for total annual return.

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